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compared with the fiscal cliff which was by all accounts a roughly familiar tax and spending debate, this one has far more import because it will determine whether among other things the united states continues to make good on the obligations it has already undertaken. interest and principal on the debt we have borrowed. our credit rating which was so famously downgraded in the summer of 2011 hangs in the balance here. and of course, people on both sides of the aisle are fighting over whether it is fair game to use the debt ceiling as a piece of political leverage to get the government to stop its spending. on the one hand, people on the right say, well, what else are we going to use? we are engaging in sort of financial madness spending so much so we have to use whatever tool is available there and you heard the president yesterday, tamron, saying this is like taking the economy hostage by threatening not to pay debts that we have already incured. >> tyler, as i mentioned, the dow up just a little bit today. how soon will we see perhaps start to see an impact on the arrows on the sc
compared with the fiscal cliff which was by all accounts a roughly familiar tax and spending debate, this one has far more import because it will determine whether among other things the united states continues to make good on the obligations it has already undertaken. interest and principal on the debt we have borrowed. our credit rating which was so famously downgraded in the summer of 2011 hangs in the balance here. and of course, people on both sides of the aisle are fighting over whether...
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Jan 16, 2013
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obama demands the wealthy pay their fair share of taxes, but he's just another elitist hypocrite when it comes to a fair share of security. >> joining me now is susan page, washington bureau chief for "usa today" and ron fournier, national correspondent and editorial director for the "national journal." good morning. >> good morning. >> morning. >> so the president's children, doesn't matter, republican, democrat, are generally considered off-limits. ron, what do you make of this nra ad? >> they really blew it. this is an organization that has a lot of power and a lot of credibility and has a legitimate purpose in our society to protect the second amendment but why would you put out an ad like that that is false? the president is not opposed to security in the schools. he does not -- in fact, we have a lot of schools in this country that already have security. he just doesn't think that arming guards in schools is the only answer to cracking down on school shooting. it's just a cringe-worthy exploitive ad that undermines the nra, undermines the cause and frankly, if you are a second a
obama demands the wealthy pay their fair share of taxes, but he's just another elitist hypocrite when it comes to a fair share of security. >> joining me now is susan page, washington bureau chief for "usa today" and ron fournier, national correspondent and editorial director for the "national journal." good morning. >> good morning. >> morning. >> so the president's children, doesn't matter, republican, democrat, are generally considered off-limits....
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Jan 14, 2013
01/13
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monthly deaths of the consumer, such as taxes and insurance, generally cannot add up to more than 43% of their monthly gross income. no standard is perfect, but the standard here provides a clear line with a measure of protection to borrowers that have increased certainty in the mortgage market. host: i want to bring in a few callers on this subject for you. oklahoma city, oklahoma, democratic line. good morning, vernon. caller: i am tickled to death that the government is setting the rules for the financial industry when it comes to the home market. people worked all their lives to provide a home and held for ways to get it paid off before they retire. this is the one area that the government needs to regulate and regulate closely and i am glad we're finally doing that. now, of course, we have drawn a line in the sand that we can hopefully reclaim. can we hope that it will ever change back to what we thought we had been through? guest: an excellent question. another one to add to that is -- will the regulators have the appetite to regulate this closely? making sure that banks are abi
monthly deaths of the consumer, such as taxes and insurance, generally cannot add up to more than 43% of their monthly gross income. no standard is perfect, but the standard here provides a clear line with a measure of protection to borrowers that have increased certainty in the mortgage market. host: i want to bring in a few callers on this subject for you. oklahoma city, oklahoma, democratic line. good morning, vernon. caller: i am tickled to death that the government is setting the rules for...
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Jan 21, 2013
01/13
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the stolid as 6 percent tax. he slapped a tax on hospitals as they provide this service. how did you see that playing out? to me it seems like a just passed that on to their consumers. >> well, this is something that states have been doing for some time. as far as levying a provider tax to help pay the state share. medicaid. and 49 states currently do levy a tax for providers and provide is being defined as not only hospitals but also -- melissa: is your impression the provider would take that out of their profits, that 6 percent? would they slap that on top of what they're charging you and i and the health insurance company? >> i don't think it is quite that simple as just an add-on costs that it would pass on to the consumers. the choice here is really, do you continue with staggering uncompensated care costs for the uninsured, or do you get some payment for those services at the hospital? melissa: i understand why they want to be paid. and is wondering where the money is coming from. i get that they want to be paid for the services. and just wondering where you think t
the stolid as 6 percent tax. he slapped a tax on hospitals as they provide this service. how did you see that playing out? to me it seems like a just passed that on to their consumers. >> well, this is something that states have been doing for some time. as far as levying a provider tax to help pay the state share. medicaid. and 49 states currently do levy a tax for providers and provide is being defined as not only hospitals but also -- melissa: is your impression the provider would take...
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Jan 21, 2013
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. >> in our budget that we will pass, we lift tax reform, which went many of my republican colleagues' way, but it's going to include revenues. it's a great opportunity to get us some more revenues to help in part deal with sequestration. >> so where does this fit in? >> i think where republicans have a legitimate critique of democrats is that democrats have not presented a budget in four years. if you look back at history is an irresponsible way of budgeting. it's how we would have budgeted in washington or college. maybe they won't present one, maybe they will. they have to at some point. the continuing operations of the government that bill expires in march. we have to do something. the big one is the debt limit. do we lift the debt limit so you can continue to borrow more money to fund the government? republicans are coming to the conclusion that they'll figure out a way to do that. even that's not a given. republicans have had it with spending. they feel they're going to use these leverage points, even ones that really could have, i think, a catastrophic effect on the economy. th
. >> in our budget that we will pass, we lift tax reform, which went many of my republican colleagues' way, but it's going to include revenues. it's a great opportunity to get us some more revenues to help in part deal with sequestration. >> so where does this fit in? >> i think where republicans have a legitimate critique of democrats is that democrats have not presented a budget in four years. if you look back at history is an irresponsible way of budgeting. it's how we...
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Jan 17, 2013
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obama demands the wealthy pay their fair share of taxes, but it's just another elitist hypocrite when it comes to a fair share of security. protection for their kids, and gun-free zones for ours. >> sean: and as you can imagine, the white house was up in arms that the n.r.a. mentioned the president's children in the ad, but ironically, obama didn't mind exploiting other people's kids during today's press conference. join me now with reaction, fox news contributors monica crowley and lessy marshal. wait a minute, so you didn't mention his kids, but we'll use these other kids as props and exploit them in the background here, a little hypocritical? >> not at all. >> no? >> you know i'm the mom of two kids, four and five. nobody can exploit my children except me, so, if you think anybody exploited them, and i don't think they he were exploited, it's the parents. the parents agreed, the kids sent the president a letter and sean, this is about the kids, i'm not going to start singing whitney houston "the children of our i promise. >> sean: and i take your point and i think generally speakin
obama demands the wealthy pay their fair share of taxes, but it's just another elitist hypocrite when it comes to a fair share of security. protection for their kids, and gun-free zones for ours. >> sean: and as you can imagine, the white house was up in arms that the n.r.a. mentioned the president's children in the ad, but ironically, obama didn't mind exploiting other people's kids during today's press conference. join me now with reaction, fox news contributors monica crowley and lessy...
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Jan 20, 2013
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i wasn't separating out about the specifics of entitlement reform and tax reform from the larger issue of how to bring the middle class back, because they are all tied together, david. you can't have one without the other. >> i understand. but the republican thinking in congress has been that the cuts are enough. and that is not the answer. >> no, no, i couldn't agree more. if you take just education and job creation, for example, there is going to be a sea change in american education, which is already underway. go long on community colleges. >> yes. >> developing a skill set. >> yes. we need to support that. and we need to support that, but i need to challenge one thing -- >> medicaid and medicare together. medicare and medicaid together. within 10 years, it devours every cent. >> there's a progressive argument for dealing with that issue. >> which is what? when are we going to hear it? >> well, i want to challenge you and you as well, david, on this point. >> challenge the president, david. >> no, you and you. the premise that the president has not been venturesome in this area, has
i wasn't separating out about the specifics of entitlement reform and tax reform from the larger issue of how to bring the middle class back, because they are all tied together, david. you can't have one without the other. >> i understand. but the republican thinking in congress has been that the cuts are enough. and that is not the answer. >> no, no, i couldn't agree more. if you take just education and job creation, for example, there is going to be a sea change in american...
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Jan 20, 2013
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because in our budget that we will pass, we will lift tax reform, which many of my republican colleagues liked, but it will include revenues. it's a great opportunity to get us more revenues to help in part deal with sequestration and deal with the issue of -- >> but senator schumer, the db i want to get senator cruz's response here, but the reality is that the president is willing to throw the long ball on this big sunday of football, when it comes the gun control. and yet because of his view of republican recalcitrants, he doesn't step up and show real leadership and be proactive on a big spending cut proposal and medicare put proposal because he doesn't want to go there. why throw the long ball when it comes to gun control but not take a leadership role when it comes to spending cuts? >> well, he is. in the negotiations up to the fiscal cliff, the president put things on the table. $400 billion in medicare cuts. he was talking about change cpi, which -- >> you're talking about more revenue. that's not big enough on medicare cuts according to simpson-bowles and others. you will have to
because in our budget that we will pass, we will lift tax reform, which many of my republican colleagues liked, but it will include revenues. it's a great opportunity to get us more revenues to help in part deal with sequestration and deal with the issue of -- >> but senator schumer, the db i want to get senator cruz's response here, but the reality is that the president is willing to throw the long ball on this big sunday of football, when it comes the gun control. and yet because of his...
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Jan 18, 2013
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they have to show they stand for more than tax cuts for the rich. they have to understand that they want government to do things like help the hurricane victims which most voted against in the case of sandy. they need more moderate people to vote in the republican primaries.
they have to show they stand for more than tax cuts for the rich. they have to understand that they want government to do things like help the hurricane victims which most voted against in the case of sandy. they need more moderate people to vote in the republican primaries.
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Jan 18, 2013
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as i said the other night, if only the corporations set corporate tax law, it would be pretty low. if only the gun guys set gun laws, there aren't going to be any gun laws. the people who don't own guns or own guns casually will have to do something. >> that's exactly right. that's what the president has taken away from the lessons of newtown. listening to the heartbeat of the people on this right now. you can see it in the polls. you hear it in the language, and right now the gop's message is out of sync with that heartbeat, and i think there are ways and opportunities for them to get back in sync to lay out that concern about the second amendment and why the protection is important, but put it out there in the context of those kids who were killed because that's what people see most of all. >> let's talk about the president's strength now. bob, this monday and -- this tuesday he will have taken the oath a second time. the american people have doubled down on this president, a majority of the american people have voted for this guy. two majority votes. he will have that in his poc
as i said the other night, if only the corporations set corporate tax law, it would be pretty low. if only the gun guys set gun laws, there aren't going to be any gun laws. the people who don't own guns or own guns casually will have to do something. >> that's exactly right. that's what the president has taken away from the lessons of newtown. listening to the heartbeat of the people on this right now. you can see it in the polls. you hear it in the language, and right now the gop's...
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Jan 18, 2013
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they have to show they stand for more than tax cuts for the rich. they have to understand that they want government to do things like help the hurricane victims which most voted against in the case of sandy. they need more moderate people to vote in the republican primaries. they won't het them become more moderates and i think this is a deep problem and i think if some said we want him to bring this to the floor. it would send a signal to the moderates. >> 26% is how many support keeping assault weapons available to everyone. it is an amazing cross checking of the polls. >> and again i think you see that 26% overlapping with the tea party 26%. i think the republicans are dealing with public opinion that is influx. you have had a shift in favor of
they have to show they stand for more than tax cuts for the rich. they have to understand that they want government to do things like help the hurricane victims which most voted against in the case of sandy. they need more moderate people to vote in the republican primaries. they won't het them become more moderates and i think this is a deep problem and i think if some said we want him to bring this to the floor. it would send a signal to the moderates. >> 26% is how many support keeping...
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Jan 19, 2013
01/13
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he has made the tax code more progressive. i don't think anybody quite knows what we can do to get those millions of middle class jobs with wage gains that we need. it's a really, really pressing question for this economy. >> when people are living paycheck to paycheck who weren't ten years ago, that still becomes a problem even if you have health care and some of these other things. john, we are in the throes of partisanship in washington. even the president is pointing fingers. >> we are poised for a good year if we make smart decisions and sound investments. and as long as washington politics don't get in the way of america's progress. >> what breaks that juggernaut? can it get worse than this or -- please tell me this has got to be the bottom. >> every time we've said that it can't possibly get any worse in washington, it magically somehow gets worse in washington. we are in a surreal situation where right now probably the biggest impediment to america's recovery is the u.s. congress. if we have another downgrade, which is
he has made the tax code more progressive. i don't think anybody quite knows what we can do to get those millions of middle class jobs with wage gains that we need. it's a really, really pressing question for this economy. >> when people are living paycheck to paycheck who weren't ten years ago, that still becomes a problem even if you have health care and some of these other things. john, we are in the throes of partisanship in washington. even the president is pointing fingers. >>...
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Jan 21, 2013
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they feel they got their taxes hiked. >> i would be surprised if we are talking taxes. >>neil: what are we talking? autumnized deductions. >>neil: they were almost trimmed back, right? >> first, the goal would be to get four plus trillion. it would be great to get 2.5-1, spending cuts to revenues. >>neil: not 40-1. you think the ratio will be more even. >> it will be if you include the first $1.2 trillion part of the budget control act, you will see that is proposal the next that is more 1-1 so you will see around 2-1 i think. >>neil: we could argue over that. >> we argued before. i won that. >>neil: whatever. could i get your sense of where this is going? with the republican mood today trying to postpone the delegate sealing deadline for a few months, they trying to get their ducks in order, they are trying to get the immediate pressure off as much as the country but what do you think the markets which are closed, with do in reaction to the constant kicking the can. >> i am surprised by the buoyancy of the market. the next 45 to 60 days has incredible uncertainty. the
they feel they got their taxes hiked. >> i would be surprised if we are talking taxes. >>neil: what are we talking? autumnized deductions. >>neil: they were almost trimmed back, right? >> first, the goal would be to get four plus trillion. it would be great to get 2.5-1, spending cuts to revenues. >>neil: not 40-1. you think the ratio will be more even. >> it will be if you include the first $1.2 trillion part of the budget control act, you will see that is...
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Jan 14, 2013
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raise taxes or cut spending and congress has only raised taxes. if we don't do something about the tax code, we will continue to print money. host: kevin from woodbridge, virginia. caller: i have a bill with a to balance.$200 if i miss my payments, they will call me. how many follicles do the government debt saying, "when are you going to repay my money -- how many phone calls does the government get saying, "when are you going to repay my money?" we are a bunch of idiots that what our government do whatever they wanted. guest: not enough people are calling their representatives and senators about the debt ceiling and the way we've handled the last 12 months. what you have to do is call your congressman or senator. someone will answer and be polite to you. you have to insist to get the message through. elections have consequences. the division right now is very extreme. are we being played? politicians will wait until the last second until they do what is the right thing. i expect to happen this time is we will get around that during 26th or 27th
raise taxes or cut spending and congress has only raised taxes. if we don't do something about the tax code, we will continue to print money. host: kevin from woodbridge, virginia. caller: i have a bill with a to balance.$200 if i miss my payments, they will call me. how many follicles do the government debt saying, "when are you going to repay my money -- how many phone calls does the government get saying, "when are you going to repay my money?" we are a bunch of idiots that...
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Jan 18, 2013
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the cities deal with the immense problems that get thrust upon them as a consequence of diminished tax bases, as a consequence of housing, a significant portion of the public and the states that are in the most need. we are committed to having a third phase of the so-called big deal in the budget. we're of the view that just as it took during the clinton administration, it didn't happen in one fell swoop. the economy in great shape and move toward a balanced budget. it started off in three phases. it started off with president bush's actions, the first president bush in terms of taxation before president clinton took office. and then the actions the president took in 1994 and then in 1997. well, we think there is a third phase here that can set our country on a path that will allow us to get our debt to g.d.p., our deficit to g.d.p. down around 3%, which is the basis of all economists left, right and center all agree on the areas we can begin to grow as a country. and as my grandfather used to say with grace of god and goodwill of the neighbors, cooler heads will prevail now between no
the cities deal with the immense problems that get thrust upon them as a consequence of diminished tax bases, as a consequence of housing, a significant portion of the public and the states that are in the most need. we are committed to having a third phase of the so-called big deal in the budget. we're of the view that just as it took during the clinton administration, it didn't happen in one fell swoop. the economy in great shape and move toward a balanced budget. it started off in three...
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Jan 14, 2013
01/13
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don't forget the dependency deduction, child tax credit and earned income tax credit. all of which relate to cost of raising kids but have different requirement based on the child's location and legal status. experts say not to expect meaningful tax reform this year. >> you have a clear commitment on the part of president obama and democrats to use tax reform as means of raising extra revenue. not creating re-knew neutrality. if you try to raise revenue out of tax reform you will get higher rates. >> at the news conference, president obama made clear what he thinks about the 4 million words simplifying them or using them to promote economic growth are not priorities. >> from the start, my concern was making sure that we had a tax code that was fair. and protected the middle class. >> another related reason who i the tax code reform never gets done each loophole credit, preference and provision is favored by some interest group or another. which is in turn backed by veritable army of lawyer, accountant fighting to keep them where they are. >> bret: thank you. no grapevi
don't forget the dependency deduction, child tax credit and earned income tax credit. all of which relate to cost of raising kids but have different requirement based on the child's location and legal status. experts say not to expect meaningful tax reform this year. >> you have a clear commitment on the part of president obama and democrats to use tax reform as means of raising extra revenue. not creating re-knew neutrality. if you try to raise revenue out of tax reform you will get...
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Jan 16, 2013
01/13
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cuts for those who don't need tax cuts pre-2008. it is another thing when you're trying to climb out of a recession. >> that's exactly right. there is a lot of misunderstanding about the debt ceiling. most americans think the debt ceiling is congress giving itself permission to spend more money. when they understand it is about do we default on our bills they say what? you're not going to pay your bills? that's what the debt ceiling is about. one of the things i advocated was the restoration of the gephardt rule that said when congress voted for a budget, let's say it voted for the iraq war that cost a trillion dollars, then at the moment that they voted for that program the debt ceiling would be adjusted up or down to reflect the budget they just voted for. that's what most americans would do. so this debt ceiling is all about hypocrisy. it is all about pretending that we have an option about paying our bills. by the way, a lot of the bills we have to pay are things i was adamantly opposed to. i didn't want to go to war in iraq. i
cuts for those who don't need tax cuts pre-2008. it is another thing when you're trying to climb out of a recession. >> that's exactly right. there is a lot of misunderstanding about the debt ceiling. most americans think the debt ceiling is congress giving itself permission to spend more money. when they understand it is about do we default on our bills they say what? you're not going to pay your bills? that's what the debt ceiling is about. one of the things i advocated was the...
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Jan 20, 2013
01/13
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from 50,000 on down, 60,000 on down, why not tax us? he just tax the people that are higher? host: thank you for the call. let me use this point -- we are not focusing as much on budgets and taxes, but these are tougher economic times and this is something these committees have taken into account? guest: that was the driver behind scaling down from 10 balls to two. george bush in his second inauguration also had 10. that is where the standard was. that has been cut way back. there will be a concert on the national mall with bruce springsteen. there have been efforts not to overspend and there is a willingness to acknowledge that so many americans are having a tough economic times. host: tony, who morning. thank you for calling in. caller: thank you. i want to know, white people started all the money stuff. this president, why is he getting slammed on and all this stuff? i am a black man, he is our president. support him. host: thank you for the call. comments? guest: he makes a good point. these festivities, it is really more about the office of the presidency and it is a cha
from 50,000 on down, 60,000 on down, why not tax us? he just tax the people that are higher? host: thank you for the call. let me use this point -- we are not focusing as much on budgets and taxes, but these are tougher economic times and this is something these committees have taken into account? guest: that was the driver behind scaling down from 10 balls to two. george bush in his second inauguration also had 10. that is where the standard was. that has been cut way back. there will be a...
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Jan 15, 2013
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will john boehner at the end of the day have to do what he did with the tax bill, which is basically cede control of the house more or less to the democrats and have most of his party vote against something but allow a vote to come up that will let democrats and nancy pelosi yet again rescue the day. >> okay, jared. i want to play you something the president said on monday. you referenced it yourself. take a listen. >> they will not collect or ransom an exchange for not crashing the american economy. the financial well-being of the american people is not leverage to be used. >> jared, i put it to you, do they not realize this fight isn't just hurting the economy. it's also helping this president look like the only grown-up in washington. >> i don't think they're calculus on this stuff is as rational as your question suggests, of course. but, again, if you actually get out of this beltway, and i try to do it as much as possible, and talk to people, the question i consistently get is why doesn't washington really care about the problems that we face? and when you mention recent housing
will john boehner at the end of the day have to do what he did with the tax bill, which is basically cede control of the house more or less to the democrats and have most of his party vote against something but allow a vote to come up that will let democrats and nancy pelosi yet again rescue the day. >> okay, jared. i want to play you something the president said on monday. you referenced it yourself. take a listen. >> they will not collect or ransom an exchange for not crashing the...
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Jan 21, 2013
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gas in your tax. to me that is ludicrous. those are nice things. why it's getting ready to happen. what the possible solutions to get out of. here is a great example of how we got in trouble in the first place. what our founders believed was that we would have a very limited central government. i absolutely believe that we should have a limited central government, but it should be authoritative in terms of the areas that we give a responsibility. beyond that what you do is he totally diminish hall of these laboratories of experimentation, all these regional differences when you take it and pull that power away and said it in washington. what you're doing is markedly diminished liberty and freedoms of people outside of washington. >> is attempting? >> not for me. when i ran for the senate one of my campaign themes is, not bring anything of the oklahoma. the reason is, there is no money here. anything we send you home we are stealing from your children today. i mean, remember, out of the. half trillion
gas in your tax. to me that is ludicrous. those are nice things. why it's getting ready to happen. what the possible solutions to get out of. here is a great example of how we got in trouble in the first place. what our founders believed was that we would have a very limited central government. i absolutely believe that we should have a limited central government, but it should be authoritative in terms of the areas that we give a responsibility. beyond that what you do is he totally diminish...
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Jan 17, 2013
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obama demands the wealthy pay their fair share of taxes but he's just another elitist hypocrite when it comes to a fair share of security. protection for their kids and gun-free zones for ours. >> bill: now unless i didn't hear it correctly, there were three times there where he's talking about the president's kids. >> sure. as anyone who follows politics knows, that is an area that's really considered off-limits when you're talking about children of the president. so whether to make a point -- i understand this is a debate about children but i think most of the observers looking at david keen said this is not about the children. it is about the arguments that -- >> bill: he would only say that if he were getting a lot of flack because of it. he must be getting some flack even from nra supporters who said drop that ad. enough is enough. >> it is important to bear in mind it is a web-only ad. it was more put throughout to stir this kind of debate about the gun issue rather than actually focusing in on the president's proposal. >> bill: let's get to the political viability of the presi
obama demands the wealthy pay their fair share of taxes but he's just another elitist hypocrite when it comes to a fair share of security. protection for their kids and gun-free zones for ours. >> bill: now unless i didn't hear it correctly, there were three times there where he's talking about the president's kids. >> sure. as anyone who follows politics knows, that is an area that's really considered off-limits when you're talking about children of the president. so whether to...
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Jan 16, 2013
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he's going after taxes, gun control, immigration, all issues that democrats have really not had the courage to take on. >> he's going with a really big hand. just 17% of republicans do. but, really, given these numbers, joe, he can go around some of these far right wingers. he has enough support without caving into them. >> don't forget this, and they eluded to it today, that election apparatus, which he now doesn't have to use to get elected because he'll never run for public office, again, i assume. but he can now use it for public opinion. i know what you're going to be doing tomorrow on your radio show and that is we're going to be using our apparatus to get this gun control measures through and put the pressure on the united states congress. and i think we'll be very successful at that. but his apparatus is in place. and that's something that the united states congress doesn't have. >> and, patricia, not only his apparatus, but the fact that he's been able to succumb and to even rise above and go and advance and thrive has given him a lot of confidence. when you look at the new york ti
he's going after taxes, gun control, immigration, all issues that democrats have really not had the courage to take on. >> he's going with a really big hand. just 17% of republicans do. but, really, given these numbers, joe, he can go around some of these far right wingers. he has enough support without caving into them. >> don't forget this, and they eluded to it today, that election apparatus, which he now doesn't have to use to get elected because he'll never run for public...
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a lot of people who are lower down the food chain, the economic chain, who are also paying lots of taxes relative to their income, and they need help. we need more education work being done in this country. we need a solid immigration policy. we have to look at climate change. there are a lot of things that the american penal are expecting, and the republican party as they get ready for the next election really has to focus on some of these issues and not ignore them. >> chris, what's sad to me about that is that by virtue of mentioning the phrase climate change, it's almost like colin powell has kicked himself out of the republican party. this party used to play ball on that issue. now they're denying the actual science behind it. they have swung so far right, and my question after all of this, after that interview which was incendiary and was very much a line in the sand for the gop -- >> it's history making. >> when will the republican party admit they have a problem? because every time something like this happens, there is a doubling down, there is a defense, there is an attack on th
a lot of people who are lower down the food chain, the economic chain, who are also paying lots of taxes relative to their income, and they need help. we need more education work being done in this country. we need a solid immigration policy. we have to look at climate change. there are a lot of things that the american penal are expecting, and the republican party as they get ready for the next election really has to focus on some of these issues and not ignore them. >> chris, what's sad...
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they agreed to higher taxes on a certain group of people. >> they got permanent tax cuts for 98% of the people. >> that's obama's line. look, they don't have to cave now. now the issue is spending and debt. they should not, they must not cave now. >> sean: why do you disagree? >> i'm just, i'm a realist and a pragmatist. and i do not believe that there's any possibility of dealing with entitlement spending in the the next eight weeks to get something through congress. >> sean: quick question. >> which is what we need to do. >> sean: what wok so bad if the republicans said we're not going to raise the debt ceiling unless there's significant cuts. >> that should be the opening position. >> sean: then you have them cave? >> there has to be-- >> you two are hard to take seriously in your jeans, stuart varney is wearing a sport coat and-- it's not a suit and thrown my whole world upsidedown. >> sean: he's got lighter jeans. >> flat-out changed the subject. >> i learned that somewhere. >> sean: dodge. >> shift in position. >> sean: you say sage bob beckel "the five". >> did you not to that. t
they agreed to higher taxes on a certain group of people. >> they got permanent tax cuts for 98% of the people. >> that's obama's line. look, they don't have to cave now. now the issue is spending and debt. they should not, they must not cave now. >> sean: why do you disagree? >> i'm just, i'm a realist and a pragmatist. and i do not believe that there's any possibility of dealing with entitlement spending in the the next eight weeks to get something through congress....
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it is the party of lower taxes. but there are a lot of people who are lower down the food chain, the economic chain, also paying lots of taxes relative to their income. and they need help. we need more education work being done in this country. we need a solid immigration policy. we have to look at climate change there are a lot of things that the american people are expecting and the republican party, as they get ready for the next election, really has to focus on some of these issues and not ignore them. everybody wants to talk about who is going to be the candidate you better think first about what's the party actually going to represent? if it's just gonna represent the far right-wing of the political spec trouble, i think the party is in difficulty. i'm aed moderate but i'm still a republican, that's how i was raised. until i voted for mr. obama twice i voted for seven straight republican presidents. >> a couple of other foreign policy matters, what should the force, u.s. force in afghanistan look like after ne
it is the party of lower taxes. but there are a lot of people who are lower down the food chain, the economic chain, also paying lots of taxes relative to their income. and they need help. we need more education work being done in this country. we need a solid immigration policy. we have to look at climate change there are a lot of things that the american people are expecting and the republican party, as they get ready for the next election, really has to focus on some of these issues and not...
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budget deal that is balanced and that has enough spending cuts, real spending cuts, to balance any tax revenues? >> well, i think we need to look at long-term and that's where the house has passed the budget. we're still waiting on the senate to pass the budget after 1,350 days. you need to have that on the table from the senate side. you obviously need to have that from the president who has not told us when he is going to send his budget over. is he going to miss those dead looirchz. we have a lot of work to do, but it deals with spending. that's the problem. i want to avoid a downgrade, and i do agree with the vice president of the united states that says we're not going to default on our debt. that's clear. we have enough payments coming in to the treasury to pay our interest on the debt, and that's how we avoid the default, but we've got to focus on the spending problem, and that's what most of my constituents are talking about. >> i want to ask you about the gun control debate because the president is going to be rolling out a new proposal tomorrow, and he is prepared to use exec
budget deal that is balanced and that has enough spending cuts, real spending cuts, to balance any tax revenues? >> well, i think we need to look at long-term and that's where the house has passed the budget. we're still waiting on the senate to pass the budget after 1,350 days. you need to have that on the table from the senate side. you obviously need to have that from the president who has not told us when he is going to send his budget over. is he going to miss those dead looirchz. we...
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we pay taxes and don't get a vote for it. we don't get anything for it. didn't we once fight a revolution? >> we should have a revolution. >> conservatives say they think the license plates should say i don't want taxes at all. i think that's interesting because that seems to be the ultimately sort of anti-revolutionary idea. right? >> just pigs. they want everything for nothing. >> that's not the way life works. >> it's nice he puts a license plate on it. it would be nicer if he pushed for statehood for the district. >> right. we were just talking about president clinton and how much money would you spend to spend a day with him? leoe leon ardo decaprio first spent a $100,$000 and they joined forces, a combined $400,000 to spend a day with clinton. no word on what they will be doing. >> havingan restaurants, i think. >> a lawsuit. >> i have to tell you, you it will be a busy day because that man stays on the move. he does four or five a day. >> you have to pay $400,000 but if you are like jessica alba, whoever at the golden globes haul them in a room, cl
we pay taxes and don't get a vote for it. we don't get anything for it. didn't we once fight a revolution? >> we should have a revolution. >> conservatives say they think the license plates should say i don't want taxes at all. i think that's interesting because that seems to be the ultimately sort of anti-revolutionary idea. right? >> just pigs. they want everything for nothing. >> that's not the way life works. >> it's nice he puts a license plate on it. it would...
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they couldn't win that battle regarding taxes. with this one, they have leverage. >> they thought it was their leverage but still when you go in to this debate, tamron, they control only one part of the government. it's a house of representatives. democrats control the senate. they control the white house. so while house republicans do have some leverage, we also learned something from the fiscal cliff negotiations that john boner's willing to bring legislation to the floor that doesn't have this majority of support from the party and pretty big, as well. >> all right. mark, thank you very much. greatly appreciate it. talk to you tomorrow on these things. >>> former president george h.w. bush has now been released from the hospital in houston today and headed home. mr. bush was admitted to the hospital around thanksgiving, suffering from a severe case of bronchitis. in the stay, developed a fever. doctors say he'll continue physical therapy at home. mr. bush is 88 years old. >>> my starting point is not to worry about the politics
they couldn't win that battle regarding taxes. with this one, they have leverage. >> they thought it was their leverage but still when you go in to this debate, tamron, they control only one part of the government. it's a house of representatives. democrats control the senate. they control the white house. so while house republicans do have some leverage, we also learned something from the fiscal cliff negotiations that john boner's willing to bring legislation to the floor that doesn't...
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the fiscal negotiations and our spending and taxes, the taxes one i think is closed, come down to this. the reason we can't get a deal is that for each party each party s trying to get from the negotiations what they are being asked to five up in the negotiations. -- give up in the negotiations. hard to get a deal that a way. >> check out panel plus where our group pubs up with the discuss on our -- picks up with our discussion on the website. follow us on twitter. up next, our power player of the week. alright let's break it down. mom, pop it. ♪ two inches apart, becky. two inches. t-minus nine minutes. [ ding ] [ female announcer ] pillsbury cinnamon rolls. let the making begin. ♪ ... >>. >> chris: up till now she let her husband lead on public life as she has been as private as she can be. but she has decided to help more people by stepping forward. here is our power player of the week. >> it's the point of everyone. >> carol geithner is talking about it. for the last 20 years she has worked as a counselor and now a novelist to help people deal with loss. >> sharing their story,
the fiscal negotiations and our spending and taxes, the taxes one i think is closed, come down to this. the reason we can't get a deal is that for each party each party s trying to get from the negotiations what they are being asked to five up in the negotiations. -- give up in the negotiations. hard to get a deal that a way. >> check out panel plus where our group pubs up with the discuss on our -- picks up with our discussion on the website. follow us on twitter. up next, our power...
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the fiscal negotiations and our spending and taxes, the taxes one i think is closed, come down to this. the reason we can't get a deal is that for each party each party s trying to get from the negotiations what they are being asked to five up in the negotiations. -- give up in the negotiations. hard to get a deal that a way. >> check out panel plus where our group pubs up with the discuss on our -- picks up with our discussion on the website. follow us on twitter. up next, our power player of the week. when you have diabetes... your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. a great cup of coffee should be easy as one, two... well, just one. new single serve cafe collections from maxwell house now available for use in the keurig k-cup brewer. always good to the last drop. now available for use in the keurig k-cup brewer. ...so as you can see, geico's custome
the fiscal negotiations and our spending and taxes, the taxes one i think is closed, come down to this. the reason we can't get a deal is that for each party each party s trying to get from the negotiations what they are being asked to five up in the negotiations. -- give up in the negotiations. hard to get a deal that a way. >> check out panel plus where our group pubs up with the discuss on our -- picks up with our discussion on the website. follow us on twitter. up next, our power...
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the fiscal negotiations and our spending and taxes, the taxes one i think is closed, come down to this. the reason we can't get a deal is that for each party each party s trying to get from the negotiations what they are being asked to five up in the negotiations. -- give up in the negotiations. hard to get a deal that a way. >> check out panel plus where our group pubs up with the discuss on our -- picks up with our discussion on the website. follow us on twitter. up next, our power player of the week. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't knowt yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. >>. >> chris: up till now she let her husband lead on public life as she has b
the fiscal negotiations and our spending and taxes, the taxes one i think is closed, come down to this. the reason we can't get a deal is that for each party each party s trying to get from the negotiations what they are being asked to five up in the negotiations. -- give up in the negotiations. hard to get a deal that a way. >> check out panel plus where our group pubs up with the discuss on our -- picks up with our discussion on the website. follow us on twitter. up next, our power...
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reform by closing loopholes in our tax reform for the wealthiest americans. if we combine a balanced package of saving through -- we can solve the deficit issues without sacrificing things like our investments in education that are going to help us grow. turns out the american people agree with me. they listened to an entire year's debate over this issue and they made a clear decision about the approach they prefer. they don't think it's fair for example to ask a senior to pay more for his or her health care or for a scientist to shut down ground breaking research so that a multimillionaire can pay less taxes than a secretary. they don't think it's smart to close endless loopholes for wealthy americans rather than invest in our roads and to help manufacturers bring jobs back to america. they want us to bring our books in order no a balanced way where everybody pulls their weight and everybody does their part. that's what i want as well. that pie that's what i've proposed. and we can get it done, but we're going to have to make sure that people are looking at
reform by closing loopholes in our tax reform for the wealthiest americans. if we combine a balanced package of saving through -- we can solve the deficit issues without sacrificing things like our investments in education that are going to help us grow. turns out the american people agree with me. they listened to an entire year's debate over this issue and they made a clear decision about the approach they prefer. they don't think it's fair for example to ask a senior to pay more for his or...
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i didn't say that i would not have any conversations at all about extending the bush tax cuts. i just said we wouldn't extend them for the wealthy. we didn't. you can argue that during the campaign i said -- i set the criteria for wealthy at $250,000, and we ended up being at $400,000, but the fact of the matter is millionaires and billionairres are paying significantly more in taxes just as i said. so for, you know, from the start, my concern was making sure that we had a tax code that was fair and it protected the middle class, and my biggest priority was making sure that middle class taxes did not go up. the difference between this year and 20112 is the fact that we have already made $1.2 trillion in cuts, and at the time i indicated that there were cuts that we could sensibly make that would not damage our economy, would not impede growth. i said at the time i think we should pair it up with revenue in order to have an overall balanced package, but my own budget reflected cuts in discretionary spending. my own budget reflected the cuts that needed to be made, and we've made
i didn't say that i would not have any conversations at all about extending the bush tax cuts. i just said we wouldn't extend them for the wealthy. we didn't. you can argue that during the campaign i said -- i set the criteria for wealthy at $250,000, and we ended up being at $400,000, but the fact of the matter is millionaires and billionairres are paying significantly more in taxes just as i said. so for, you know, from the start, my concern was making sure that we had a tax code that was...
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we picked up $204 million rather than put taxes whose impact fee into the community. it has allowed the industry itself to hire people. there are related companiy ies t hire people. and you know the phrase the necessity is the mother of invention. a lot of inventions are being developed but the energy itself allows businesses across the state to grow. a lot of companies in south eastern pennsylvania and philadelphia are going to be using it to power the refineries, it is looking and hopefully will build a facility that will take the ethonol and take ethanes they are paying around $80,000. the average workforce is $47,000. >> why is the governor still waiting? >> i know what is going on. i know there are a number of people that used to be opposed to it. a lot of them have changed here. but there are a certain group that are opposed to it. but i remind many people we follow it closely and it is a technology that has been used in texas and we feel comfortable that it is flowing the economy here in pennsylvania and it is going to make us and the united states in the long-
we picked up $204 million rather than put taxes whose impact fee into the community. it has allowed the industry itself to hire people. there are related companiy ies t hire people. and you know the phrase the necessity is the mother of invention. a lot of inventions are being developed but the energy itself allows businesses across the state to grow. a lot of companies in south eastern pennsylvania and philadelphia are going to be using it to power the refineries, it is looking and hopefully...
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because there is a large transfer of wealth in tax dollars from the north down to the south. so why they would want to mess with that arrangement is beyond me. >> professor michael eric dyson and ryan grim whose office enjoys watching our broadcast even as he speaks to us, thanks very much. much more ahead. but first sue herrera has the market wrap. >> good afternoon. here's a look how today wall street finished the trading session. it snapped a winning streak. and the dow finishes the trading session on the downside by about 24 points or so. the standard & poor's fractionally higher by a quarter of a point. and the nasdaq up about seven points on the trading session. that's it from cnbc. we are first in business worldwide. martin is back after a very quick break. ♪ ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get marr
because there is a large transfer of wealth in tax dollars from the north down to the south. so why they would want to mess with that arrangement is beyond me. >> professor michael eric dyson and ryan grim whose office enjoys watching our broadcast even as he speaks to us, thanks very much. much more ahead. but first sue herrera has the market wrap. >> good afternoon. here's a look how today wall street finished the trading session. it snapped a winning streak. and the dow finishes...
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so we raise taxes, we got pretty much exactly what obama asked for with a big tax hike and obama's response is, now we need a balanced approach where we raise more taxes. >> megyn: jonah goldberg, thank you. >> thank you. >> megyn: up next, a popular internet activist was faced with a possible 35 years in jail for hacking before took his own life. music: "make someone happy" music: "make someone happy" ♪it's so important to make someone happy.♪ it's so important to make meone happy.♪ ♪make just one someone happy ♪and you will be happy too. >> fox news alert. we told you at the top of the hour how ejust got word from the white house briefing that the the president will deliver his plan for the gun crackdown, however you want to phrase it, the executive orders that he is prepared to issue on guns in addition to the legislative push that we expect him to make around this time tomorrow. well, moments ago we just learned that the president will be joined by children from around the country who wrote letters to the president in the wake of the newtown tragedy, expressing their concerns
so we raise taxes, we got pretty much exactly what obama asked for with a big tax hike and obama's response is, now we need a balanced approach where we raise more taxes. >> megyn: jonah goldberg, thank you. >> thank you. >> megyn: up next, a popular internet activist was faced with a possible 35 years in jail for hacking before took his own life. music: "make someone happy" music: "make someone happy" ♪it's so important to make someone happy.♪ it's so...